Regulators are uncomfortable with the prospect of giant non-bank servicers. But what size should servicers be? Twenty years ago, 100,000 accounts was a big servicer. Now, it’s the bare minimum. But, if that’s the floor, is there also a ceiling?

"These new members vary greatly in their size and focus, whether it be residential or commercial/multifamily," said David Stevens, MBA’s president and CEO. "However, they illustrate MBA’s greatest strength: our ability to come to any table or address any situation knowing we represent the entire mortgage-lending spectrum."

The days at the Mortgage Bankers Association’s annual convention and expo in Las Vegas feature quite the packed schedule. But between all the sessions and speakers, the MBA has also elected several new members of its executive leadership.

After weeks of steady declines and levels well below originations the same time last year, mortgage applications jumped a surprising 10.3% from one week earlier, according to data for the week ending June 6 from the Mortgage Bankers Association.

It’s probably safe to say that Benjamin Lawsky isn’t the most popular guy in some mortgage bankers’ offices these days. But fear not, mortgage bankers…especially those in New York. Lawsky’s office has just made your lives much easier.

Commercial and multifamily mortgage loan originations in the first quarter of 2014 were 1% lower than during the same period last year and 45% lower than the fourth quarter of 2013, according to the Mortgage Banker’s Association’s survey of originations.

A case about to be heard by the Montana Supreme Court has the potential to upend established real estate law in the state, leaving foreclosing parties on the hook for unprecedented risk. So far, a lower court is on the side of mortgage bankers.

This Month in HousingWireMagazine

Wow! That was our reaction to the response we received for this year’s HW TECH100 call for nominations. This year, more than 250 companies submitted a nomination, and we’re grateful for the interest in our efforts with this unique program..

In the tech world a “stack” refers to all the elements of something. For the mortgage industry, the idea of the single stack is that one platform (digital, automated and based in the cloud) can either meet all of the functional requirements involved in assembling a mortgage, or can serve as an efficient moderator for the process via open APIs (application programming interface), which are now taking off within the mortgage industry. Read More

Nothing reeks of hypocrisy more than the regulator ignoring regulations, but the CFPB has racked up plenty of violations in the last year. And we’re not talking about small, nitpicky examples, but instances that have real-life consequences. If a lender or servicer were to violate any of these standards, they could expect swift and harsh punishment from the CFPB. Read More